Siemens Names Division CEOs and Sector CFOs
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Munich, 2007-Dec-07
As planned, Siemens has named the CEOs for the 15 Divisions in the three future Sectors Industry, Energy and Healthcare. All positions were filled with internal candidates. Peter Löscher, President and CEO of Siemens AG, said: "Just as with the Sector CEOs, a careful and thorough selection process for the Divisions resulted in outstanding personalities for our Division CEOs. From all of us, we expect top performance at the highest ethical level in managing Siemens as an integrated technology company." The Siemens Managing Board also named the Sector CFOs: Hannes Apitzsch (50) for Industry, Ralf Guntermann (50) for Energy and Klaus P. Stegemann (51) for Healthcare. Each had previously served as CFO in an operating Group (A&D, PG, Med). The Sector CFOs will report directly to the Siemens CFO. All appointments will take effect with the new company structure on January 1, 2008. On behalf of the company, Löscher thanked all managers who will be leaving their Group Executive Management positions for their long and successful work.
Industry Sector
The Industry Sector and its products and solutions address industry customers in the fields of production, transportation and building systems. The Sector is primarily comprised of the business activities of the Groups A&D, I&S, SBT, Osram and Transportation Systems (TS). Consolidating these business activities under one roof will offer major growth opportunities in hardware and software platforms as well as for sales and marketing. Around 209,000 employees currently work in the new Siemens Sector. The Sector's businesses generated revenues of roughly 40 billion in fiscal 2007. Siemens anticipates that the Sector's target markets will show 5 percent annual growth and reach a volume of nearly 500 billion by 2010. Heinrich Hiesinger was appointed CEO of the Industry Sector at the end of November 2007. As members of the Siemens Managing Board, the Sector CEOs have operational responsibility for their respective business.
Division: Industry Automation
CEO as of January 2008: Anton Huber (56)
previously member of the Group Executive Management of Automation and Drives (A&D)
Biography
Division: Motion Control
CEO as of January 2008: Klaus Helmrich (49)
previously head of the Standard Drives Division (A&D)
Biography
Division: Building Technologies
CEO as of January 2008: Johannes Milde (55)
previously Group President of Siemens Building Technologies (SBT)
Biography
Division: Osram
CEO as of January 2008: Martin Goetzeler (45)
previously CEO of Osram GmbH
Biography
Division: Industry Solutions
CEO ab Januar 2008: Joergen Ole Haslestad (56)
previously Group President of Industrial Solutions and Services (I&S)
Biography
Division: Mobility
CEO ab Januar 2008: Hans-Jörg Grundmann (52)
previously member of the Group Executive Management of I&S
Biography
Energy Sector:
The Energy Sector primarily addresses energy providers, but also industrial companies particularly in the oil and gas industry. The Sector is solidly positioned and holds leading market positions in all six of its Divisions. Its spectrum of offerings ranges from solutions for the oil and gas industry to products and solutions for the generation, transmission and distribution of electrical energy. This makes the Energy Sector the world's only manufacturer with comprehensive know-how along the entire chain of energy conversion, particularly regarding interfaces such as between power plants and grids. The Sector primarily comprises the former Power Generation (PG) and Power Transmission and Distribution (PTD) Groups. Merging these two businesses offers new opportunities, particularly for sales and marketing, as with cross-selling. With a more extensive service network, the Sector will be even closer to its customers. In addition, the merger offers synergy potential in areas like research and development. In the rapidly growing global wind power market, the Energy Sector not only builds off- and onshore wind farms, but also ensures their efficient linking to power grids. The new Siemens Sector has currently roughly 71,000 employees, and posted revenue of nearly 20 billion in fiscal 2007. The prospects for the Energy Sector are outstanding, since the overall energy market is projected to grow 11 percent annually up to 2010. Siemens estimates that the total volume of the market in 2010 will be substantially over 300 billion. Wolfgang Dehen was appointed future CEO of the Sector at the end of November 2007.
Division: Fossil Power Generation
CEO as of January 2008: Michael Süß (43)
previously member of the Group Executive Management of Power Generation (PG)
Biography
Division: Renewable Energy
CEO as of January 2008: René Umlauft (43)
previously head of the Products Division (PG)
Biography
Division: Oil & Gas
CEO as of January 2008: Frank Stieler (48)
previously head of the Industrial Applications Division (PG)
Biography
Service Rotating Equipment
CEO as of January 2008: Randy Zwirn (53)
previously member of the Group Executive Management of Power Generation (PG)
Biography
Division: Power Transmission
CEO as of January 2008: Udo Niehage (53)
previously Group President of Power Transmission and Distribution (PTD)
Biography
Division: Power Distribution
CEO as of January 2008: Ralf Christian (43)
previously head of the High Voltage Division (PTD)
Biography
Healthcare Sector
The Healthcare Sector stands for innovative products and complete solutions as well as service and consulting in the healthcare industry. The Sector comprises the former Medical Solutions Group. The new Siemens Sector has around 49,000 employees following the closing of the Dade Behring acquisition. In fiscal 2007, Medical Solutions had revenue on a pro forma basis (including Dade Behring) of roughly 11 billion. Following the acquisition of DPC, Bayer Diagnostics and Dade Behring, Siemens is the first fully integrated diagnostics provider in the world. The Healthcare Sector can thus offer its customers a unique and comprehensive portfolio of medical solutions covering the entire value-added chain - ranging from medical imaging and laboratory diagnostics to clinical IT - all from a single source. These solutions provide higher quality in healthcare delivery at lower cost. The Sector addresses a market worth around 57 billion. Erich R. Reinhardt was appointed as future CEO of the Sector at the end of November 2007.
Division: Imaging & IT
CEO as of January 2008: Bernd Montag (38)
previously head of the Computed Tomography Division (Med)
Biography
Division: Workflow & Solutions
CEO as of January 2008: Thomas Miller (50)
previously member of the Group Executive Management of Med
Biography
Division: Diagnostics
CEO as of January 2008: Jim Reid-Andersen (48)
previously CEO of the Diagnostics Division (Med)
Biography
Detailed descriptions of the business activities of the 15 Divisions are available in our press release "Siemens organizes operations in three Sectors with total of 15 Divisions" issued on November 28, 2007.
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has around 400,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. For over 160 years, Siemens has stood for technical achievements, innovation, quality, reliability and internationality. In fiscal 2007, Siemens had revenue of 72.4 billion and income from continuing operations of 3.9 billion (IFRS). Further information is available on the Internet at: www.siemens.com.
